consensus emerging on oil resources

I have observed that in the past several weeks that even the most optimistic think tanks are accepting the fact that the producers will be unable to meet demand for the next few years. And of course we have trouble makers like Venezuela and Iran to put a little gasoline on the forest fire.

I hope everyone can keep their heads when the squeeze begins. After all there is only one way to shrink demand in the short term and only one way to expend supply in the long term. That is price.

Bicycle culture anyone?

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